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DAILY AGRO OUTLOOK 06/june/2014

DAILY BUZZ

CARDAMOM

Cardamom extended losses for the second day with prices falling 3 per cent to Rs 870.80 per kg in futures trade today as speculators engaged in trimming positions, tracking a weak trend at spot market on sluggish demand.

At the Multi Commodity Exchange, cardamom for delivery in June plunged by Rs 26.90, or 3 per cent to Rs 870.80 per kg in business turnover of 123 lots.

In a similar fashion, the spice for delivery in July contract traded lower by Rs 10.10, or 1.13 per cent to Rs 885 per kg in 270 lots.

Market analysts said besides sluggish demand in the spot market against adequate stocks position, mainly pulled down cardamom prices at futures trade.

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